KUALA LUMPUR, July 6 — The ringgit opened slightly better than the US dollar following the weaker greenback as risk appetite rose amidst the rising Covid-19 cases in the United States. As at 9 am, the ringgit was quoted at 4.2800/2850 compared with 4.2840/2900 last Friday. Kenanga Research in a...
Optimism in the oil market helps drive the ringgit slightly higher against the US dollar. — Reuters pic
It said the ringgit could be pressured this week on the back of risk-off mode as global Covid-19 cases continue to rise, while the market is expecting Bank Negara Malaysia to slash its Overnight Policy Rate on July 7.
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